Arcelor leads the way in significantly higher AEX | Financial

At ten past eleven, the AEX index was 1.5% higher at 581.5 points. The AMX index was 2% higher at 842.9 points.

Elsewhere in Europe, the German DAX, the French CAC 40 and British FTSE 100 went up 1.5% to 1.8%.

However, the macro news was mixed. Dutch industrial production was 7% lower in September than in September. The German trade surplus was € 20.8 billion higher in September.

The German government would push for a postponement within the EU of imposing European import tariffs on $ 4 billion worth of US products. The EU would offer to push charges against each other in order to bring peace to the relationship.

In Japan, the Nikkei 225 rose to its highest point since 1991 with a 2.1% increase in the morning.

Index futures indicated a 1.4% to 1.8% higher opening of the US stock market indicators at 3:30 pm this afternoon.

Uncertainty about the extent of President Trump’s resistance to the election results barely bothered investors. Democrat Biden officially reported his winnings on Saturday, Trump continues to oppose the election results in court.

Congress remains divided: the US House of Representatives appears to remain in the hands of the Democrats, while the Republicans seem to maintain their majority in the Senate.

The euro was down 0.2% at $ 1,187. Oil became almost 3% more expensive. Gold and silver also increased in value. Bitcoin stayed above USD 15,000 after a 1% loss. The 10-year US national debt fell slightly to 0.808%.

ArcelorMittal in the lead

Only green figures for the Dutch main funds. Steel giant ArcelorMittal was at the top with a plus of 4.3%. Fintech Adyen climbed 3%. Chip supplier ASMI won 2,9%, chipmachinemaker ASML plus by 2.7%.

The insurers Aegon (+ 2.1%) in ASR (+ 2%) went along at the top.

Real estate fund Unibail-Rodamco-Westfield (+ 1.5%) came under further fire. In addition to two activist shareholders, the Vereniging van Effectenbezitters (VEB) also protested against the announced share issue. This dilutes the interests of existing investors, but would not be necessary and surrounded by unclear assumptions, according to the VEB.

Shell got a buy advice from HSBC coming from ‘hold’ and won 1.1%.

Signify sterk

The medium-sized funds featured Air France KLM with a 5.3% gain at the top. LED producer Signify rose 3.5%.

Bee Altice Europe (+ 0.9%), more shareholders of the telecom company opposed a bid made by major shareholder Patrick Drahi for the company.

Biotechfonds Pharming (+ 1.3%) responded to the arrival of a new CEO Jeroen Wakkerman from Nutreco.

Smallcap B&S Group gained 3% after a trade update. The distributor and wholesaler saw sales decline in the first nine months of the year.

Secondment DPA reported a 1% profit at the local funds despite a declining turnover and lower result over the past quarter. Due to the corona crisis, DPA is facing less demand for the services of its professionals. The company expects that the impact of the virus on the economy and the labor market will continue for some time to come.

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